Procter & Gamble said that net quarterly sales were up 8 per
cent to $18.69bn, driven by double-digit growth in the baby &
family care division and high single-digit sales growth in the
beauty and blades and razors division.
Hair care leader Regis Corp has reported lower net income on the
back of significant charges relating to the merger of its beauty
school division, announced last week.
Playtex Products has acquired all the outstanding stock in
Florida-based Tiki Hut Holding Company, owner of Hawaiin Tropic sun
care brand, in a move that aims to further expand the company's
fast growing skin care portfolio.
Leading US cosmetics player Estee Lauder has invested in a
600-kilowatt solar energy system as part of a drive to invest in
renewable and greener energy and reduce long-term operating costs.
After months of uncertainty, Parlux Fragrances has the path to
recovery firmer in sights after the Nasdaq Qualification Panel
determined that the company could continue to be listed on the
stock exchange.
Parlux says it has received an extension for the continued listing
of its shares on the Nasdaq, which in turn grants it more time to
file its quarterly results ending December 30.
Swiss flavours and fragrance manufacturers Givaudan has reported
strong Q1 results - as a direct impact of the acquisition of Quest
International last year.
Finland-based specialty personal care ingredients provider Kemira
Oyj has increased its footprint in the global personal care sector
with the acquisition of privately-owned TRI-K Industries and its
subsidiary Maybrook.
Following a federal court ruling that Procter & Gamble suffered
no damages over rumors surrounding Satanic worship, defendants
Amway are now challenging the decision that that they pay nearly
$20m in legal costs.
Givaudan has gone to new lengths to consolidate its lead within the
fragrance industry, with the announcement of a joint venture with
ChemCom to create a new company that will 'focus on the discovery
and delivery of innovative...
Four distributors from health and beauty direct sales company Amway
have been ordered to pay a total of $19.25m in damages to Proctor
& Gamble for spreading false rumors connecting the consumer
goods giant to Satanism.
Texas-based personal care manufacturer Helen of Troy has
restructured its operations as a means of more clearly defining its
business activities in both the personal care and household
sectors.
Riding a significant rise in demand for its mineral-based cosmetic
products in the US market, Bare Escentuals is eyeing expansion in
overseas markets, supported by its acquisition of a UK distributor.
The healthcare supplier has paid $56m to buy up nine generic
prescription dermatological products and four products that are
currently in development from Glades Pharmaceutical.
Playtex has announced steady growth for its fourth quarter sales
and net profits, boosted by a particularly strong performance from
its skin care sales, which were up by nearly 18 per cent.
In line with market expectations, global direct sales leader Avon
says that its Strategic Sourcing Initiative is on course to bring
about savings of $400m (€305m) during the course of the next few
years.
L'Oreal has yet again reported booming operating profits, driven by
lucrative acquisitions such as natural cosmetics company, The Body
Shop and product innovations – but despite the continued rise, net
earnings came in below...
Particularly strong personal care sales in key European markets
help Anglo-Dutch consumer giant Unilever to end 2006 on a higher
note, but results are still below expectations as the general
market in Europe remains tough.
The rocky path taken by Parlux Fragrances in recent months may be
coming to an end, after the company announced that it had sacked
CEO Illia Lekach, replacing him with an interim director.
Avon's turn around is starting to happen, after the company
reported a 9 per cent boost in sales for the fourth quarter on the
back of strong fragrance and color sales.
UK beauty cosmetics manufacturer Pout has announced this week that
it has completed a recapitalization that will enable the company to
grow further in the cosmetics field witht help of the investment.
Luxury US skin care brand Philosophy has been bought up by the
Carlyle Group, in a move that aims to further expand the brand's
product portfolio and retail reach.
Profits are up at Estee Lauder, prompting the company to increase
its full-year outlook, driven by strong sales growth in all
categories together with the benefits of cost saving initiatives.
Leading US flavor and fragrance firm IFF has reported strong growth
in its fourth quarter and full year, indicating that the company
could be coming up for air after a tough year in 2005.
Not only has the acquisition of Gillette helped global giant
Procter & Gamble to boost its sales, subsequent synergies and
consolidation have helped the company achieve strong profit growth.
Dental care and toiletries giant Colgate-Palmolive has announced a
big rise in net profits for its fourth quarter off the back of
strong sales driven by a particularly big rise in both the European
and Latin American markets.
It was formerly the biggest brand for troubled fragrance-maker
Parlux, but now the licensing agreement for Perry Ellis has been
sold on to luxury goods maker Falic Fashion Group, where further
growth of the brand is the aim.
L'Oreal has met its targets for 2006 after reporting a strong
fourth quarter results, driven by renewed vigour in the Western
European markets and a continued strong performance in new markets
such as Russia and China.
Alberto-Culver has reported a big dip in profits for its first
quarter as restructuring costs and increased advertising
expenditure hit the bottom line - but a strong rise in sales and an
underlying increase in continuing operations...
Procter & Gamble has increased its footprint in the niche skin
care categories with the purchase of portfolio company HDS
Cosmetics Lab from North Castle Partners - a move that hones in on
growing demands for anti-aging, acne...
Hair care specialist Regis says that increases in operating
expenses have led to a drop in its profits during the second of
2007, despite sales continuing to increase.
Global fragrance and personal care player Inter Parfums says that
strong sales of its newly launched Banana Republic personal care
lines have helped to drive a 37 per cent increase in sales for its
final quarter of 2006.
Coty has sold off its specialty bath brands, the healing gardern
and Calgon to New Jersey-based Ascendia Brands, in a move that will
almost double the company's annual turnover and strengthen its lead
in the bath category as...
US-based LEK has merged with Tri Tech, part of the Canadian
Knowlton group, to form North America's largest personal care
manufacturer, press reports say. The move that boosts the
business's footing in an increasingly globalized...
P&G just seems to be going from strength to strength. An
announcement by leading financial advisors Goldman & Sachs that
it was adding the company to its 'buy' list of preferred stocks has
led to a jump in share...
Parlux stakeholder Glenn Nussdorf is positioning himself to buy-out
the troubled fragrance company, a move that current executive board
members are strongly opposing.
Despite recent first quarter sales showing a strong increase a
leading analyst's comments that Elizabeth Arden fragrances have
been losing luster with consumers causes share prices to fall.
The chairman of Miss Beverly Hills Inc says that the US courts have
upheld its legal battle to branding rights for the Miss Beverly
Hills name, a brand that has been used to market cosmetics,
fragrances and spa products.
Parlux has reported another disappointing quarter, with profits
falling 20 per cent against a slight slip in sales, as lower
margins and royalty payments bite hard.
Avon Products says that as parts of major global restructuring
plans it is to build a state-of-the-art distribution facility in
the Midwest, leading to the consolidation and closure of two
distribution centres in Delaware and Illinois.
Texas-based Helen of Troy has reported a strong increase in sales,
but costs associated with upgrading the company's distribution and
warehousing operations keep net profits down.
Johnson & Johnson has sold five of its consumer and
over-the-counter personal care and medical brands to US personal
and healthcare player Chattem, in a move that expands the company's
existing portfolio in the US.
Avon Products has filed a new report with the US Securities and
Exchange Commission (SEC) outlining the latest initiatives for its
ongoing restructuring plan, leading to further charges of up to
$15m for redundancy and organizational...
The Dow Chemical Company has reached an agreement to purchase the
Germany-based Wolff Walstrode business from the Bayer Group - a
move that will make the company a part of Dow's Water Soluble
Polymers business.
Salon hair care specialist Sally Beauty has confirmed that its
Beauty Systems Group will lose its right to distribute L'Oreal
USA's professional beauty care products - a decision that is
expected to significantly impact...
Troubled cosmetic giant Revlon has set the terms for its share
offering, a move that aims to repay mounting debts due to the
failed launch of its Vital Radiance cosmetic line for older women
earlier this year.
North Castle Partners has today announced its decision to sell its
Avalon Natural Products range to Hain Celestial, further increasing
Hain Celestial's prominence within the thriving organics and
naturals market.
By 2010 China is set to surpass South Korea as the second biggest
market for global leader Estee Lauder, according to a company
executive based in China.
A weakened dollar could help to boost revenues for a number of
international US-based cosmetics companies, especially those with
exposure in Europe. But with materials and ingredients being
increasingly sourced overseas, the impact...